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Retail sales up 4.1% y.o.y. in August

Retail

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In August 2021, the volume of sales in retail trade increased by 4.6% according to raw data and by 4.1% when adjusted for calendar effects compared to the same period of the previous year, the Central Statistical Office (KSH) says.

Compared to August 2020, the volume of sales increased by 1.7% in specialized and non-specialized food retailing according to calendar-adjusted data. The volume of sales increased by 3% in non-specialized food and beverages shops accounting for 74% of food retailing and decreased by 2.5% in specialized food, beverage and tobacco stores.

The turnover of non-food retailing increased by a total of 7.8% y.o.y.. Sales volumes rose by 20% in textiles, clothing and footwear shops, by 13% in second-hand goods shops, by 6.7% in pharmaceutical, medical goods and cosmetics shops, by 5.5% in non-specialized shops dealing in manufactured goods and by 1.2% in books, computer equipment and other specialized stores. Sales volumes fell by 4.4% in furniture and electrical goods stores.

Mail order and internet retailing, which covers a wide range of goods and accounts for 7.8% of retail sales, continued to expand in volume, by 21%.

Sales volumes in automotive fuel stations increased by 2.3%.

Sales in motor vehicles and motor vehicle parts and accessories stores not belonging to retail data decreased by 2.4%.

In August 2021, domestic retail sales amounted to HUF 1.228 trillion at current prices.

Specialized and non-specialized food shops accounted for 46% of all domestic retail sales, while the relevant figures for non-food retail trade and retail trade of petrol stations were 37% and 17% respectively.

In January-August 2021, the volume of retail trade increased by 2.4% compared to the same period of the previous year, according to calendar-adjusted data. The volume of sales rose by 1.8% in specialized and non-specialized food shops, by 3.7% in non-food retail trade, and by 2.7% in automotive fuel retail trade.

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